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Monday, December 5, 2022

The Future Workplace Depends on Efficiency, Effectiveness, and Balance | MIT Sloan review

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How to establish and maintain the necessary skill base in an age of viral pandemic

As the globe emerges from the epidemic, companies are wrestling with how to establish and maintain the skill base necessary for commercial expansion. To succeed, businesses must find a balance between pursuing efficiency and attaining effectiveness while supporting workers’ efforts to maintain a healthy work-life balance. We see the future workplace as a stool whose three legs — efficiency, energy, and quality of life — must be kept in equilibrium. Managers have greater confidence in and power over their employees in the aftermath of the outbreak than before. The crucial social fabric of connection and shared cultural standards has unraveled in several businesses.

To fix it requires a significant investment in team-building activities, such as brainstorming workshops and personal development sessions. The foundation of hybrid work regimens must thoroughly comprehend what can and cannot be accomplished effectively in “virtual mode.” Employers have an operational and cultural dilemma with hybrid work: when should workers be physically present vs. virtually present? Based on office occupancy statistics, several corporations have implemented strict office-presence regulations. Such policies are incompatible with effectiveness, which necessitates more adaptability.

Source: https://sloanreview.mit.edu/article/the-future-workplace-depends-on-efficiency-effectiveness-and-balance/

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